UAE meets investors for Ghalilah IWP
28 May 2024

Etihad Water & Electricity (Etihad WE) has recently held a market-sounding event for an independent water project (IWP) in the UAE's northern emirate of Ras Al Khaimah.
Sources also tell MEED that engineering consultancy firms have submitted bids for the Ghalilah IWP 1 technical advisory contract.
The project is for the extension of an existing seawater reverse osmosis (SWRO) plant in Ghalilah, which became operational in 2015.
Etihad WE's chief executive, Yousif Al Ali, told MEED in April that the final capacity of the Ghalilah plant extension was still being decided, although the potential capacity could range between 30 million imperial gallons a day (MIGD) and 90 MIGD.
US-based Aquatech constructed the first SWRO plant in Ghalilah, which has a water production capacity of 15 MIGD.
Formerly the Federal Electricity & Water Authority (Fewa), Etihad WE maintains at least three water desalination plants that are all on reverse osmosis technology.
The other plants are located in Naqaa and Zawrah.
Etihad WE is understood to have invested over AED2bn in recent years to enhance its transmission and storage capabilities, notably through projects like the Khuraijah water distribution centre, which has a capacity of 180 million gallons.
MEED's April 2024 special report on the UAE includes:
> COMMENT: UAE rides high on non-oil boom
> GVT & ECONOMY: Non-oil activity underpins UAE economy
> BANKING: UAE banks seize the moment
> UPSTREAM: Adnoc oil and gas project spending sees steep uptick
> DOWNSTREAM: UAE builds its downstream and chemical sectors
> POWER: UAE marks successful power project deliveries
> WATER: Dubai tunnels project dominates UAE pipeline
> DUBAI CONSTRUCTION: Dubai real estate boosts construction sector
> ABU DHABI CONSTRUCTION: Abu Dhabi makes major construction investments
Exclusive from Meed
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Kuwait receives bids for Shagaya solar plant28 January 2026
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New Murabba approaches contractors for Mukaab towers28 January 2026
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Dubai announces $27bn DIFC expansion28 January 2026
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Gulf projects index enters 2026 upbeat27 January 2026
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Sobha announces Sobha Sanctuary project in Dubai26 January 2026
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Kuwait receives bids for Shagaya solar plant28 January 2026

Three consortiums have submitted bids for a contract to develop Kuwait's first utility-scale solar photovoltaic (PV) plant.
The Al-Dibdibah power and Al-Shagaya renewable energy phase three, zone one independent power project (IPP) will have a total power generating capacity of 1,100MW.
It is being prcoured by Kuwait’s Ministry of Electricity, Water & Renewable Energy (MEWRE), through the Kuwait Authority for Partnership Projects (Kapp), which issued the request for proposals in June 2025.
The three bidding consortiums are:
- Acwa Power (Saudi Arabia) / Alternative Energy Projects Company (Kuwait)
- EDF Renewables (France) / Abdulla Al-Hamad Al-Sagar & Bros (Kuwait) / Korea Western Power Company (South Korea)
- Abu Dhabi Future Energy Company (Masdar, UAE) / Fouad AlGhanim & Sons (Kuwait)
Kapp issued the request for qualifications for the contract in January 2024, with six prequalified companies and consortiums announced that August.
The request for proposals was issued in June 2025 with an initial deadline of 14 September.
Bidding for the project closed on 15 January following a deadline extension.
The selected developer will sign a 30-year power purchase agreement with the MEWRE to export its electricity output. The contract also calls for the construction of an associated 400kV transmission substation.
London-headquartered consultancy firm EY is the lead and financial transaction adviser. The UK's DLA Piper is the legal adviser, while Norwegian engineering services firm DNV is the client’s technical and environmental adviser.
2030-50 strategy
Kuwait aims to have a renewable energy installed capacity of 22,100MW by 2030 as part of the 20-year strategy announced in March 2025 and ending in 2050.
In September last year, Kapp opened bidding for its Al-Dibdibah power and Al-Shagaya renewable energy phase three, zone two IPP, which will have a capacity of 500MW.
The main contract bid submission deadline is 16 February.
The selected developer or developer consortium will design, finance, construct and maintain the project.
In October, MEED reported that the following consortiums and companies had prequalified to bid for the contract:
- Acwa Power (Saudi Arabia) / Arabian Engineering Projects Contracting Company (Kuwait)
- EDF Renewables (France) / Al-Kharafi & Sons (Kuwait) / Korea Western Power Company
- Masdar (UAE) / Al-Ghanim International (Kuwait)
- Jinko Power (China) / Combined Group Contracting (Kuwait)
- Swift Current Energy (US) / Arizona National (Kuwait)
- Limak (Turkiye)
- Kalyon Enerji (Turkiye)
- TotalEnergies (France)
- TCL Zhonghuan (China)
- Sinotec (China)
The zone two scheme is the fourth renewable energy project to be developed under Kuwait’s public-private partnership programme.
Similar to the 1,100MW zone one project, EY and DLA Piper, together with DNV, are advising the client on the zone two solar IPP.
READ THE JANUARY 2026 MEED BUSINESS REVIEW – click here to view PDFSaudi Arabia courts real estate investment; EVs and battery production are key regional tech themes; Muscat holds a steady growth course despite headwinds
Distributed to senior decision-makers in the region and around the world, the January 2026 edition of MEED Business Review includes:
> AGENDA: Saudi real estate to surge in 2026> BATTERIES: Batteries shape the region's energy future> INTERVIEW: Tabreed finishes the year on a high> CONTRACTORS: Managing risk in the GCC construction market> ECONOMIC ACTIVITY INDEX: UAE and Qatar emerge as markets to watch> AIRSHOW: Top deals signed at Dubai Airshow 2025> MARKET FOCUS: Oman steadies growth with strategic restraintTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/15526799/main.jpg -
New Murabba approaches contractors for Mukaab towers28 January 2026

Saudi Arabia's New Murabba Development Company (NMDC), a wholly owned subsidiary of sovereign wealth vehicle the Public Investment Fund, has issued a request for information notice to test the market for modular and offsite fit-out solutions for its Mukaab development.
The notice was issued on 26 January with a submission deadline of 11 February.
NMDC has scheduled a market engagement meeting with prospective companies in the first week of February to discuss the solutions further.
"NMDC is seeking experienced suppliers and contractors to advise on the feasibility, constraints and execution strategy for using non-load-bearing modular systems for the four corner towers encompassing the Mukaab structure," sources directly associated with the project told MEED.
"The feedback will be incorporated to shape later design and procurement decisions," the sources added.
The towers will frame the Mukaab and are an integral part of the structure. There will be North and South towers, marked for residential use, and mixed-use East and West towers.
The towers will be about 375 metres tall and more than 80 storeys high.
The core modular elements under consideration include bathroom pods, kitchen pods, dressing room modules, panelised steel partition systems and other offsite manufactured fit-out solutions.
The Najdi-inspired Mukaab building – the name of which is the Arabic word for cube – will be the centrepiece of New Murabba. Measuring 400 metres in height, width and length, the building will rank among the largest structures ever constructed.
The early works on the Mukaab were completed last year, and the client was preparing to award the estimated $1bn contract for the main raft works on the structure, according to a presentation delivered by NMDC's chief project delivery officer on 9 September at the Future Projects Forum in Riyadh.
Project agreements
Earlier in January, US-based engineering firm Parsons Corporation was awarded a contract by NMDC to provide design and construction technical support.
Parsons will serve as the lead design consultant for infrastructure, delivering design and engineering services covering infrastructure, public buildings, landscaping and the public realm at the New Murabba development.
Parsons will also support the creation of the project’s downtown experience, spanning 14 million square metres of residential, workplace and entertainment space.
The latest deal with Parsons follows NMDC’s signing in October last year of agreements with three other US-based engineering firms to undertake design work on assets at New Murabba.
NMDC signed an agreement with New York-headquartered firm Kohn Pedersen Fox to lead early design work for the first residential community within the New Murabba development.
The other agreements were signed with Aecom and Jacobs, both of which were appointed lead design consultants for the Mukaab district.
In August last year, NMDC signed a memorandum of understanding with another US-based firm, Falcons Creative Group, to develop the creative vision and immersive experiences for the Mukaab project.
Beijing-headquartered China Harbour Engineering Company completed the Mukaab excavation works.
The foundation works for the Mukaab were executed by UAE-headquartered HSSG Foundation Contracting.
READ THE JANUARY 2026 MEED BUSINESS REVIEW – click here to view PDFSaudi Arabia courts real estate investment; EVs and battery production are key regional tech themes; Muscat holds a steady growth course despite headwinds
Distributed to senior decision-makers in the region and around the world, the January 2026 edition of MEED Business Review includes:
> AGENDA: Saudi real estate to surge in 2026> BATTERIES: Batteries shape the region's energy future> INTERVIEW: Tabreed finishes the year on a high> CONTRACTORS: Managing risk in the GCC construction market> ECONOMIC ACTIVITY INDEX: UAE and Qatar emerge as markets to watch> AIRSHOW: Top deals signed at Dubai Airshow 2025> MARKET FOCUS: Oman steadies growth with strategic restraintTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/15526521/main.jpg -
Dubai announces $27bn DIFC expansion28 January 2026
Sheikh Mohammed Bin Rashid Al-Maktoum, Ruler of Dubai and Vice President and Prime Minister of the UAE, has announced a AED100bn ($27bn) expansion of Dubai International Financial Centre (DIFC) through the creation of the DIFC Zabeel District.
According to a statement from the Government of Dubai Media Office, the DIFC Zabeel District will add over 7 million square feet (sq ft), with a total gross floor area of 17.7 million sq ft.
The new district is expected to more than double DIFC’s capacity to over 42,000 businesses, support a workforce exceeding 125,000 and allocate more than 1 million sq ft for future technologies and artificial intelligence (AI).
Planned in six phases, the expansion is scheduled to open to the public in 2030, with the masterplan due for completion in 2040.
Cnstruction works on the first phase are already under way.
Mohammed bin Rashid launches “Zabeel District – Dubai International Financial Centre” driven by exceptional demand
Largest internal expansion of a financial centre in the region
Development value
AED 100 billionSite area
7.1 million sq ftAdditional gross floor area
17.7… pic.twitter.com/7H2np4EZVx— Dubai Media Office (@DXBMediaOffice) January 27, 2026
The project will include an innovation hub of more than 1 million sq ft, featuring an AI campus designed to support more than 6,000 businesses and 30,000 technology specialists.
It will also house a gaming hub, aimed at positioning Dubai as a leader in next-generation gaming, simulation and digital content creation.
Aligned with Dubai’s Education 33 (E33) strategy, the DIFC expansion will also seek to attract top universities, becoming an international destination for higher education.
The DIFC Academy is also set to expand 10-fold, to 370,000 sq ft.
In addition, the expansion will introduce an art pavilion, strengthening DIFC’s cultural footprint, alongside a mix of commercial and residential spaces centred around a main boulevard.
The masterplan also includes conference facilities, hotels and retail outlets.
The DIFC Zabeel District will be linked to the existing DIFC Gate District by a bridge.
READ THE JANUARY 2026 MEED BUSINESS REVIEW – click here to view PDFSaudi Arabia courts real estate investment; EVs and battery production are key regional tech themes; Muscat holds a steady growth course despite headwinds
Distributed to senior decision-makers in the region and around the world, the January 2026 edition of MEED Business Review includes:
> AGENDA: Saudi real estate to surge in 2026> BATTERIES: Batteries shape the region's energy future> INTERVIEW: Tabreed finishes the year on a high> CONTRACTORS: Managing risk in the GCC construction market> ECONOMIC ACTIVITY INDEX: UAE and Qatar emerge as markets to watch> AIRSHOW: Top deals signed at Dubai Airshow 2025> MARKET FOCUS: Oman steadies growth with strategic restraintTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/15525807/main.gif -
Gulf projects index enters 2026 upbeat27 January 2026

MEED’s Gulf Projects Index expanded for the 10th consecutive month in the four weeks from 12 December to 9 January, rising by 1.3% or $62.5bn in value, driven by market developments in the UAE and Saudi Arabia.
In the UAE, the market expanded by 2.8%, adding $31bn in value as a spate of new projects were initiated. These included the $8.1bn Mercedes-Benz Places real estate scheme announced by Dubai developer Binghatti and a $5bn expansion of Al-Maryah Island launched by Abu Dhabi’s Aldar and Mubadala. Dubai-based Aark Developers revealed plans for the $1.4bn Karl Lagerfeld Residences on Al-Marjan Island in Ras Al-Khaimah, while Adnoc Refining began front-end engineering and design for a $1.5bn naphtha-to-jet fuel project.
In Saudi Arabia, the overall size of the market in terms of tracked projects expanded by 1.1% to $22.5bn – contrasting with the slight slackening of project award activity in the kingdom in 2025.
The key projects behind the increase included an $11.6bn, 15-year commitment by China’s Xincheng Jiao Technology to invest in vehicle manufacturing in Jizan; an estimated $2.8bn solar plant to be developed by Bapco and Acwa Power; a $1.4bn Dammam data centre scheme under design by Khazna; and various other new project developments, alongside the tendering of four offshore oil and gas contracts by Saudi Aramco.
The Bahraini market then saw the revival of the study process for the Qatar-Bahrain causeway, adding $4bn in active value to the index, while the Omani market witnessed the launch of the $4bn Muscat Marine, Art & Digital District project.
The other Gulf markets either recorded little change, or, in the case of Qatar and Iran, saw minor contractions.
https://image.digitalinsightresearch.in/uploads/NewsArticle/15521064/main.gif -
Sobha announces Sobha Sanctuary project in Dubai26 January 2026
Dubai-based private real estate developer Sobha Realty has announced the launch of Sobha Sanctuary, its largest master-planned development in Dubai.
The site covers about 37.5 million square feet and is planned to serve around 20,000 families.
The project will include about 20,000 residential units, comprising 18,000 apartments and 2,000 villas.
The development will be delivered in phases. The first phase includes 250 villas.
Sobha Sanctuary is planned as a mixed-use development, with a hospital, two international schools, retail areas and a wellness centre.
The development will also include a central park, as well as a community mall with retail and dining outlets. The park will include facilities such as football grounds, running tracks, padel courts and a skate park.
Green corridors will connect the park to the wider site. A 6-kilometre (km) loop will run through the community, connecting to a larger mobility loop and a 9km wellness loop around the perimeter.
The latest announcement follows the launch of two other projects in the UAE, as MEED reported in October last year.
The developer announced the launch of Sobha AquaCrest, its second residential development within the Downtown Umm Al-Quwain masterplan.
The development, located in the northern emirate of Umm Al-Quwain, comprises five residential towers with a mix of one-, two- and three-bedroom apartments and duplexes.
Sobha is also planning to build a 450-metre-tall residential tower called Sobha SkyParks on Dubai’s Sheikh Zayed Road.
The tower will have 109 floors and will be the tallest development in Sobha Realty’s portfolio.
The development will offer more than 684 residential units.
READ THE JANUARY 2026 MEED BUSINESS REVIEW – click here to view PDFSaudi Arabia courts real estate investment; EVs and battery production are key regional tech themes; Muscat holds a steady growth course despite headwinds
Distributed to senior decision-makers in the region and around the world, the January 2026 edition of MEED Business Review includes:
> AGENDA: Saudi real estate to surge in 2026> BATTERIES: Batteries shape the region's energy future> INTERVIEW: Tabreed finishes the year on a high> CONTRACTORS: Managing risk in the GCC construction market> ECONOMIC ACTIVITY INDEX: UAE and Qatar emerge as markets to watch> AIRSHOW: Top deals signed at Dubai Airshow 2025> MARKET FOCUS: Oman steadies growth with strategic restraintTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/15512604/main.jpeg
